Climate Change Data

Environmental Metrics

ESG Focus Areas

• Employee Safety and Health
• Environmental Performance
• Resource Stewardship
• Community Sustainability
• Corporate Governance
• Stakeholder Engagement
• Human Rights
• Product Responsibility

Environmental Achievements

• Four operations achieved ISO 14001 certification.
• Reduced GHG emissions by 11% (primarily due to a refinery shutdown).
• Reduced permit non-compliance events by 35% compared to 2004.
• Reclaimed 7,030 ha of mined land (63% of total disturbed area).
• Expanded electronic waste recycling program at Trail Operations.
• Received four high-profile environmental awards.

Social Achievements

• Injury frequency of less than one per 200,000 hours of work.
• Antamina mine contributed US$662 million to the Peruvian economy.
• Significant community investment (over $4 million in cash donations).
• Developed cross-cultural training programs at Red Dog mine.
• Supported local technical training centers and college programs.

Governance Achievements

• Nine of 14 Board members are independent.
• 50% of CEO's bonus based on EHS performance.
• Implemented a formal process for corporate donations.

Climate Goals & Targets

Environmental Challenges

• Two fatalities in 2005.
• 25 permit non-compliance events in 2005.
• Potential impacts to the Upper Columbia River.
• Addressing historical practices at the Upper Columbia River basin.
• Human resource challenges (aging workforce, need for skilled employees).
• Maintaining social license to operate.
• Meeting international human rights obligations.

Mitigation Strategies

• Appointed VP of Environment, Health and Safety and Director of Safety and Health.
• Implemented initiatives to enhance safety and health culture and performance.
• Entered into a voluntary agreement to fund a remedial investigation and feasibility study for the Upper Columbia River.
• Investing in training and employee development programs.
• Formal stakeholder engagement program planned for 2006/2007.
• Reviewing best practices for human rights compliance.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Policy to purchase locally sourced goods and services wherever possible.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Increased costs in energy and raw materials; imposed costs for emissions.

Opportunities

• Development of energy-efficient products; shift to alternative energy sources.

Reporting Standards

Frameworks Used: GRI G3 Draft Guidelines

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Zinc-air fuel cell technology, e-waste recycling services.

Awards & Recognition

• Numerous environmental and safety awards.

Environmental Metrics

ESG Focus Areas

• Safety
• Health
• Environment
• Community Engagement
• Climate Change
• Biodiversity
• Water Management
• Human Rights
• Economic Contributions

Environmental Achievements

• Reduced permit excursions by 52% compared to 2006.
• Increased solid waste material recycled from 35,928 tonnes in 2006 to 49,100 tonnes in 2007.
• Increased liquid materials recycled and reused from 1,678 m³ in 2006 to 4,789 m³ in 2007.
• Planted 486,853 native trees.
• Achieved 95% water recycling target at Hemlo Operation.

Social Achievements

• Developed an Engagement Handbook to guide stakeholder engagement.
• Increased community investment from $500,000 in 2003 to $17 million in 2007.
• Improved safety performance with an 11% reduction in TRIFR between 2006 and 2007 at Elkview Operations.
• Successfully implemented a new safety recognition program at Elkview Operations resulting in the lowest lost-time incident numbers in the operation's history.
• Increased local aboriginal participation at Lennard Shelf Operation to nearly 30 employees (10% of the workforce).

Governance Achievements

• Reissued safety and health policy, “Towards Zero Incidents”.
• Reviewed and revised EHSCMS to reflect the Code of Sustainable Conduct.
• Established four new Communities of Practice to increase knowledge transfer between technology experts.

Climate Goals & Targets

Environmental Challenges

• One fatality in 2007 at Pend Oreille Operation.
• 85 permit excursions in 2007.
• 307 spills in 2007 (7 considered significant).
• Ongoing blockade at Morelos exploration project in Mexico.
• High TRI numbers at Red Dog mine due to naturally occurring toxic materials.
• Stakeholder concerns regarding past disposal practices at Trail Smelter.
• Competition for employees in the mining industry.

Mitigation Strategies

• Implemented recommendations from investigations into the fatality.
• Improved processes for monitoring and reporting energy use and GHG emissions.
• Developed alternative sourcing strategies.
• Strengthened employee engagement capacity and skills training.
• Improved processes and formalized lines of accountability at all Operations.
• Implemented environmental and process changes at Trail to reduce environmental impacts.
• Developed and implemented programs to attract and retain employees.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Procuring locally-sourced goods and services where applicable.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Government regulations on GHG emissions.

Opportunities

• Development of energy-efficient products and processes.
• Expansion into green energy sector (zinc-air fuel cells).

Reporting Standards

Frameworks Used: GRI G3 Guidelines, AA1000

Certifications: ISO 14001

Third-party Assurance: Deloitte & Touche LLP (limited assurance on selected data)

Sustainable Products & Innovation

• Zinc-air fuel cells
• CESL hydrometallurgical process for copper refining
• E-waste recycling program at Trail smelter.

Awards & Recognition

• Numerous awards for environmental stewardship and reclamation activities.

Environmental Metrics

ESG Focus Areas

• Safety and health
• Declining commodity prices and socioeconomic impacts on communities and employees
• Environmental management issues for our company and industry
• Community engagement and development
• Responsible stewardship of our products in society

Environmental Achievements

• Reclaimed 164 hectares of land and planted over 350,000 native trees and seedling stock.
• Recycled 5,859 m3 of liquid material and over 50,000 tonnes of solid material.
• 49 percent reduction in the Total Reportable Incident Frequency (TRIF) between 2007 and 2008.

Social Achievements

• Introduced community engagement and development training.
• Launched a Master of Business Administration (MBA) program for employees.
• Community investment of $14.8 million.

Governance Achievements

• Established a case study team to evaluate safety practices.
• Implemented Courageous Safety Leadership program.
• Developed and implemented Selenium Management Plans for all coal mine sites.

Climate Goals & Targets

Environmental Challenges

• Selenium water quality concerns in the Elk River Valley.
• Red Dog Mine Clean Water Act lawsuit.
• Upper Columbia River Risk Assessment and legal action.
• Fatality at a coal exploration project.

Mitigation Strategies

• Participation in various working groups to address selenium issue.
• Development and implementation of Selenium Management Plans.
• Settlement agreement and commitment to construct a water discharge pipeline at Red Dog Mine.
• Remedial investigation and feasibility study for Upper Columbia River.
• Implementation of Courageous Safety Leadership program.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather, rising sea levels, drought, heavy rainfall

Transition Risks

• Climate change regulations

Opportunities

• Energy efficiency projects
• Zinc-air fuel cell applications
• CESL hydrometallurgical process

Reporting Standards

Frameworks Used: GRI G3 Guidelines, AA1000 assurance standards

Sustainable Products & Innovation

• Zinc-air fuel cell technologies
• CESL hydrometallurgical process

Awards & Recognition

• Awards for innovative approaches to reclamation
• Voluntary Action Award from the Arizona State Mine Inspector

Environmental Metrics

ESG Focus Areas

• Safety and Health
• Employee Practices
• Environment
• Product Stewardship
• Economic Development
• Society

Environmental Achievements

• Improvements in energy efficiency highlighted by target-setting at a number of operations, improvements to coal-drying systems and reductions in engine idling.
• Reclaimed 214 hectares of land in 2009.
• Total water use decreased by approximately 5% from 2008 to 2009.
• Total direct GHG emissions decreased by approximately 11% from 2008 to 2009.

Social Achievements

• Courageous Safety Leadership training delivered to over 10,000 Teck employees and contractors.
• Developed a Social Management and Responsibility Toolkit (SMART) to help business functions manage social risks and opportunities.
• Trained over 130 people in effective dialogue.

Governance Achievements

• Established a sustainability leadership initiative.
• Created a cross-functional working group to develop a sustainability leadership initiative and long-term goals and action plans.
• Resumed verification program with Environmental Resources Management (ERM).

Climate Goals & Targets

Environmental Challenges

• Three contractor fatalities occurred at Teck sites in 2009.
• Water quantity and quality remained sustainability challenges.
• Concerns expressed regarding oil sands development (water management, water quality, tailings management, greenhouse gas emissions).
• Friction with the local community over water issues at Carmen de Andacollo (CDA) in Chile.
• Appeals filed against Red Dog Operations’ water discharge permit.
• Increased concentrations of selenium observed downstream of coal mining operations.

Mitigation Strategies

• Implemented Courageous Safety Leadership (CSL) to develop a stronger safety culture.
• Developed a Water Management Policy (undergoing internal review).
• Participating in Athabasca Water Management Framework and Regional Aquatics Monitoring Program for oil sands development.
• Committed to achieving 50% fluid tailings capture requirement by 2013.
• Established a third option for CDA water supply (pipeline to Lower Elqui aquifer).
• Developed an early alert plan and participative water monitoring program at CDA.
• Working collaboratively with EPA, local communities, and other CoIs to manage water quality at Red Dog Operations.
• Commissioned an independent panel of experts to develop a strategic management plan for selenium.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Locally sourcing goods and services where appropriate.

Climate-Related Risks & Opportunities

Physical Risks

• Changing climate patterns affecting operations.

Transition Risks

• Emerging climate change legislation.

Opportunities

• Development of energy-efficient products (e.g., zinc-air fuel cells, CESL hydrometallurgical method).

Reporting Standards

Frameworks Used: GRI G3 Guidelines, ICMM Sustainable Development Framework

Certifications: ISO 14001 (11 facilities)

Third-party Assurance: Environmental Resources Management (ERM)

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Zinc-air fuel cells
• CESL hydrometallurgical method for copper recovery

Awards & Recognition

• Jake McDonald Mine Reclamation Award
• Coal Mining Citation
• Edward Prior award
• John Ash award
• Certificate of Achievement in Safety

Environmental Metrics

ESG Focus Areas

• Community
• Water
• Ecosystems and Biodiversity
• Energy and Climate Change
• Materials Stewardship
• Our People

Environmental Achievements

• Reduced permit non-compliance by 10% compared to 2009.
• Improved spill control, with 79% of spills under 500 liters.
• Completed 90% of reclamation at Lennard Shelf Pillara Mine.
• Reclaimed Trojan Pond at Highland Valley Copper into a fishing site.
• Received 2009 Coal Mining Citation for outstanding reclamation achievement at Elkview Operations.

Social Achievements

• Launched the Social Management and Responsibility at Teck (SMART) toolkit.
• Trained 170 Teck employees and 81% of site-level community staff in dialogue training.
• Donated $20 million in community investment.
• Improved relationships with Chilean communities regarding water use.
• Relocated two households at Carmen de Andacollo with no significant disputes.

Governance Achievements

• No incidents of corruption identified.
• 100% of Canadian and US non-hourly non-union staff trained in anti-corruption policies (except Duck Pond due to technical issues).
• 79% of Board members are independent and/or non-executive.
• 12.5% of CEO’s bonus related to EHSC performance.

Climate Goals & Targets

Environmental Challenges

• Increasing community expectations.
• Limited access to lands and minerals.
• Decreasing availability of fresh water.
• Increasing energy costs.
• Pressure to reduce greenhouse gas emissions.
• Tightening regulations.
• Loss of biodiversity.
• Shortages of skilled people.
• Increased selenium concentrations in Elk River.
• Dusting issues at Carmen de Andacollo.

Mitigation Strategies

• Developed a corporate water management policy.
• Commissioned an independent advisory panel on selenium management.
• Implemented operation-specific mitigation measures for selenium.
• Introduced hourly dust monitoring program at Carmen de Andacollo.
• Improved dust control measures at Carmen de Andacollo.
• Implemented projects to reduce energy consumption and GHG emissions.
• Partnered with Suncor Energy to develop Wintering Hills wind power project.
• Replaced natural gas copper concentrate drying system with pressure filtration system at Highland Valley Copper.
• Implemented a formal feedback mechanism at Carmen de Andacollo.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local procurement initiatives.
• Preference for suppliers with acceptable human rights, labor, health, safety, and environmental practices.

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions

Transition Risks

• Changes in laws and governmental regulations
• Carbon pricing and Cap and Trade regulations

Opportunities

• Development of energy-efficient products and processes
• Investment in renewable energy sources

Reporting Standards

Frameworks Used: GRI G3 Guidelines, GRI Mining and Metals Sector Supplement, AA1000, ICMM Sustainable Development Framework

Certifications: ISO 14001 (11 of 14 operations)

Third-party Assurance: Deloitte & Touche LLP (limited assurance)

UN Sustainable Development Goals

• Goal 4 (Reduce child mortality)
• Goal 7 (Ensure environmental sustainability)

Zinc and health initiatives contribute to Goal 4; various environmental initiatives contribute to Goal 7.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability World Index
• Edward Prior Award (Greenhills)
• John Ash Award (Fording River)
• John T Ryan Award (Coal Mountain)

Environmental Metrics

ESG Focus Areas

• Community
• Water
• Ecosystems and Biodiversity
• Energy
• Materials Stewardship
• Our People

Environmental Achievements

• Reduced total reportable injury frequency rate by 18% over the prior year.
• Achieved the lowest total reportable injury frequency rate in company history.
• Achieved the fewest number of serious incidents on record.
• Implemented two projects to reduce selenium levels in watersheds: Kilmarnock Creek diversion at Fording River Operations and a water treatment facility at Line Creek Operations.
• $210 million investment at Trail Operations to increase capacity to recycle end-of-life electronic waste.
• Four steelmaking coal operations increased natural gas use, significantly reducing greenhouse gas emissions.

Social Achievements

• Launched TrackLine, a database for tracking and reporting on engagement.
• Finalized Community Investment Policy and completed investment plans at Carmen de Andacollo and Quebrada Blanca operations and Relincho project.
• Implemented formal feedback mechanisms at several sites.
• Launched Social Management and Responsibility at Teck (SMART) toolkit and provided training to employees.
• Completed three engagement plans at Carmen de Andacollo and Quebrada Blanca operations and Relincho project.

Governance Achievements

• Finalized community investment policy.
• Improved community investment reporting.
• Developed a comprehensive human rights assessment tool.
• No reported human rights violations.

Climate Goals & Targets

Environmental Challenges

• Water scarcity and stress in Chile.
• Increased selenium concentrations in the Elk River.
• Pressure on local housing availability in Elk Valley.
• Potential impacts on First Nation cultural heritage due to exploration activities.
• Potential health impacts of soil contamination on local children.
• Cumulative impacts and demand for a skilled workforce in the Elk Valley.
• Attracting and retaining employees due to skills shortages and aging workforce.

Mitigation Strategies

• Using ocean water for Quebrada Blanca Phase 2 project.
• Implementing operation-specific mitigation measures for selenium and expanding research and development.
• Funded a housing study to develop a strategy for Elkford and Sparwood.
• Collaborative work with Tahltan Heritage Resources Environmental Assessment Team to minimize impacts on cultural heritage.
• Developed the Family Action Network to understand and manage impacts of soil contamination.
• Coordination of dialogue with other industry project proponents to address workforce accommodation shortage.
• Enhanced recruitment programs, including a new brand strategy and recruitment materials.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Developing a Supplier Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Carbon regulations and economics.

Opportunities

• Improving energy efficiency and reducing GHG emissions.

Reporting Standards

Frameworks Used: GRI G3 Guidelines, AA1000 standards, ICMM Sustainable Development Framework, Mining Association of Canada’s Towards Sustainable Mining initiative

Certifications: ISO 14001 (10 of 13 majority-owned operations)

Third-party Assurance: Deloitte & Touche LLP

UN Sustainable Development Goals

• Goal 4 (Reduce child mortality)
• Goal 7 (Ensure environmental sustainability)

Zinc and health program, biodiversity conservation initiatives.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability World Index
• Various safety awards
• Reclamation and Sustainable Mineral Development awards

Environmental Metrics

ESG Focus Areas

• Community
• Our People
• Water
• Biodiversity
• Energy
• Materials Stewardship

Environmental Achievements

• Reduction of metals emissions to air and water by over 95% at Trail Operations since 1977
• Reclamation of a tailings pond at Highland Valley Copper, transforming it into Trojan Pond
• Implemented projects that resulted in energy reductions of over 200 TJ
• Implemented projects that resulted in GHG reductions of over 50 kilotonnes of CO2e emissions

Social Achievements

• Achieved the lowest total reportable injury frequency on record
• Formalized Human Rights Policy
• Launched Community Investment Program
• Increased the percentage of women in operational and technical roles from 4.5% in 2011 to 5.6% in 2012
• Launched Zinc & Health program

Governance Achievements

• Formalized Human Rights Policy
• Established a committee to provide guidance for our agreements with Indigenous Peoples
• 12.5% of the CEO’s bonus related to EHSC performance

Climate Goals & Targets

Environmental Challenges

• Selenium management in the Elk Valley
• Upper Columbia River litigation
• Water scarcity in Chile
• Aging workforce in North America
• Fuel oil spill at Quebrada Blanca Operations

Mitigation Strategies

• Construction of a new water treatment facility at Line Creek Operations
• Plan to use desalinated seawater for projects in Chile
• Knowledge transfer programs for retiring employees
• Cleanup efforts following fuel oil spill
• Implementation of random drug and alcohol testing

Supply Chain Management

Responsible Procurement

• Recommended Protocols for Suppliers and Service Providers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Changes in carbon regulations

Opportunities

• Development of energy-efficient technologies

Reporting Standards

Frameworks Used: GRI G3 Guidelines, ICMM Sustainable Development Framework

Certifications: ISO 14001 (10 of 13 operations)

Third-party Assurance: Deloitte LLP

Awards & Recognition

• Global 100 Most Sustainable Corporations
• Dow Jones Sustainability World Index

Environmental Metrics

ESG Focus Areas

• Community
• Our People
• Water
• Biodiversity
• Energy
• Materials Stewardship

Environmental Achievements

• Reduced greenhouse gas emissions by 75 kilotonnes of carbon dioxide-equivalent
• Reduced annual diesel use by 5 million litres through vehicle anti-idling programs
• Reclaimed 434 hectares of land
• Purchased approximately 7,150 hectares of private lands for wildlife and habitat conservation

Social Achievements

• Achieved the safest year ever, with a 26% lower lost-time injury frequency
• Increased the number of women in operational or technical roles by 57% since 2010
• Increased spending on suppliers who self-identified as Indigenous by 9%
• Invested over $22 million in communities

Governance Achievements

• Implemented an anti-idling program for haul trucks, reducing greenhouse gas emissions and saving diesel fuel
• Completed social baselines at 11 operations, social impact assessments at seven operations and social risk analyses at nine operations
• Negotiated three comprehensive agreements with Indigenous Peoples

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions, significantly lower commodity prices and lower margins
• Water quality challenges, particularly selenium levels in the Elk Valley
• Aging workforce and skilled worker shortage
• Managing social impacts of mining activities on communities
• Increasing societal expectations around transparency, consultation and engagement

Mitigation Strategies

• Focus on initiatives that advance goals and reduce costs
• Collaborating with communities, First Nations and governments to create an Elk Valley Water Quality Plan
• Implementing programs to attract and retain talent, including leadership development programs
• Developing operation-specific social management systems
• Implementing feedback mechanisms and engaging with COIs

Supply Chain Management

Responsible Procurement

• Recommended Protocols for Suppliers and Service Providers

Climate-Related Risks & Opportunities

Transition Risks

• Rising cost of carbon
• New policies and regulations aimed at reducing GHG emissions

Opportunities

• Development of energy-efficient technologies
• Investment in renewable energy projects

Reporting Standards

Frameworks Used: GRI G3 Guidelines, ICMM Sustainable Development Framework

Certifications: ISO 14001 (10 of 13 operations)

Third-party Assurance: Deloitte LLP

Awards & Recognition

• Global 100 Most Sustainable Corporations (Corporate Knights)
• Dow Jones Sustainability World Index
• British Columbia Jake McDonald Annual Mine Reclamation Award

Environmental Metrics

ESG Focus Areas

• Community
• Our People
• Water
• Biodiversity
• Energy
• Materials Stewardship

Environmental Achievements

• Implemented energy reduction projects resulting in 1,050 terajoules of energy reductions since 2011.
• Implemented projects that have reduced greenhouse gas emissions by approximately 170 kilotonnes to the end of 2014.
• 16.8 MW of alternative energy generation in operation by the end of 2014.
• Elk Valley Water Quality Plan approved by B.C. Ministry of Environment in November 2014.

Social Achievements

• Total reportable injury frequency was 25% lower than in 2013, and our high-potential incident frequency rate declined by 22%.
• $20 million community investment in 2014.
• Ten agreements reached with Indigenous Peoples in 2014.

Governance Achievements

• Developed and implemented a new High-Potential Risk Control strategy at all operations.
• Ranked fourth in terms of Board diversity among TSX 60 companies.

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions, significantly lower commodity prices, and lower margins.
• Two fatalities at operations in 2014.
• Fish mortality incident at Line Creek Operations water treatment facility.
• Lower oil prices.
• Climate and carbon regulation.
• Indigenous rights.
• Tailings management (Mount Polley incident).

Mitigation Strategies

• Major focus on cost reduction.
• In-depth investigations into fatalities to learn and implement preventative measures.
• Working to restart Line Creek facility and prevent reoccurrence.
• Cost reduction program exceeded initial goals, with approximately $640 million of annualized reductions by end of 2014.
• Accelerated independent formal dam safety inspections and enhanced inspection timelines at tailings facilities.
• Development of the Elk Valley Water Quality Plan.
• Joint Relationship Agreement with the Nlaka’pamux Nation Tribal Council.

Supply Chain Management

Supplier Audits: Pilot activities underway to assess primary suppliers’ compliance.

Responsible Procurement

• Recommended Protocols for Suppliers and Service Providers

Climate-Related Risks & Opportunities

Physical Risks

• Changing weather patterns
• More frequent and severe weather events

Transition Risks

• New policies and regulations aimed at reducing GHG emissions

Opportunities

• Development of energy-efficient products
• Investment in renewable energy sources

Reporting Standards

Frameworks Used: GRI G4 Core, ICMM Sustainable Development Framework

Certifications: ISO 14001 (10 of 13 operations)

Third-party Assurance: Deloitte LLP (limited assurance)

Sustainable Products & Innovation

• ZincNyx renewable battery technology

Awards & Recognition

• Metal Mining Citation for outstanding achievement in mine reclamation (Sullivan mine)

Environmental Metrics

ESG Focus Areas

• Community
• Our People
• Water
• Energy and Climate Change
• Air
• Biodiversity

Environmental Achievements

• Reduced energy consumption by 1,200 TJ since 2011.
• Reduced GHG emissions by approximately 200 kt since 2011.
• Commissioned first full-scale water treatment facility at Line Creek Operations, removing selenium and nitrate from mine-affected waters.
• 198 hectares of land reclaimed.

Social Achievements

• Achieved a 25% reduction in High-Potential Incident frequency compared to 2014; no fatalities.
• Established Indigenous Peoples Policy.
• Negotiated agreements with the majority of Indigenous Peoples near our operations (34 active agreements).
• Donated $16.7 million to organizations around the world.

Governance Achievements

• Implemented the Extractive Sector Transparency Measures Act.
• 100% of non-union, non-hourly employees completed Code of Ethics certification.

Climate Goals & Targets

Environmental Challenges

• Prolonged downturn in global commodities markets.
• Increase in total reportable injury and lost-time injury frequency.
• Concerns regarding dust connected with local mining operations (Andacollo, Chile).
• Concerns about the impact of dust on local ecosystems and subsistence foods (Red Dog, Alaska).

Mitigation Strategies

• Implemented cost reduction measures, including workforce reduction.
• Implemented High-Potential Risk Control (HPRC) strategy at all operations.
• Implemented Atmospheric Decontamination Plan at Carmen de Andacollo Operations, targeting a 65% reduction in dust emissions.
• Continued dust suppression activities at Red Dog Operations.

Supply Chain Management

Responsible Procurement

• Recommended Protocols for Suppliers and Service Providers.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 Core

Third-party Assurance: Deloitte LLP

UN Sustainable Development Goals

• Goal 3
• Goal 8
• Goal 13

Teck's work contributes to these goals through health and safety initiatives, economic contributions, and climate action.

Awards & Recognition

• Dow Jones Sustainability World Index (DJSI)
• Global 100 Most Sustainable Corporations
• FTSE4Good Global Index
• Corporate Citizen of the Year Award (Duck Pond)
• Miner of the Year (Duck Pond)
• 2015 National Environment Award (Recyclápolis Foundation)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Decreasing trends measured for arsenic, cadmium, and lead concentrations in fillets of mountain whitefish, Rainbow Trout, and Walleye. Decreased sediment metal concentrations from 2003 to 2015 at exposure sites.
• No exceedances of the 30-day Chronic Water Quality Guidelines or LCR Objectives for any metals of interest downstream of the IDZ in 2015 or 2016.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied due to reliance on external data and resources)
• Multiple sources of metals in the Lower Columbia River, making it difficult to isolate smelter impacts.
• High annual and seasonal variation in invertebrate community metrics.

Mitigation Strategies

• Collaboration with B.C. Hydro, Okanagan Nation Alliance, and Golder Associates for data collection.
• Comprehensive monitoring program (AREMP) to assess multiple aspects of the aquatic environment.
• Use of statistical models to account for natural variability and other factors influencing community structure.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Community
• Water
• Our People
• Biodiversity
• Energy and Climate Change
• Air

Environmental Achievements

• Reduced GHG emissions by 17,000 tonnes
• Reduced energy consumption by 350 TJ
• Completed commissioning of a water treatment facility at Line Creek Operations
• 97 hectares of land reclaimed

Social Achievements

• Reduced Total Recordable Injury Frequency by 13%
• Reduced Lost-Time Injury Frequency by 11%
• Reduced High-Potential Incidents by 12%
• Established a formal Inclusion and Diversity Policy
• Signed an Impact Management and Benefits Agreement with the Ktunaxa Nation Council
• Reached new agreements with Indigenous Peoples in Alberta

Governance Achievements

• Hosted external speakers on the current global economic climate for the Board of Directors
• Held special presentations for the Safety and Sustainability Committee on various ESG topics
• Updated Expectations for Suppliers and Contractors to include human rights

Climate Goals & Targets

Environmental Challenges

• Volatility of commodity markets
• Concerns over potential environmental effects of oil sands projects
• Cumulative impacts and Indigenous engagement in assessment
• Impacts on wildlife
• Cybersecurity

Mitigation Strategies

• Focus on controlling costs and maintaining productivity
• Researching methods to improve oil sands extraction and processing
• Developing integrated management plans that reflect our values and mitigate risks
• Engaging with communities and Indigenous Peoples to manage social, economic, and environmental impacts
• Implementing High-Potential Risk Control strategy

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Expectations for Suppliers and Contractors

Climate-Related Risks & Opportunities

Physical Risks

• Increased temperatures
• Changes in precipitation
• Changes in fresh water levels
• Extreme weather events

Transition Risks

• Shifts in commodity demand
• Carbon pricing
• Regulatory changes

Opportunities

• Development of energy-efficient products
• Alternative energy generation

Reporting Standards

Frameworks Used: GRI Standards, G4 Mining and Metals Sector Disclosures, ICMM Sustainable Development Framework Principles

Certifications: ISO 14001

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• Goal 3
• Goal 5
• Goal 8
• Goal 13

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability World Index
• Best 50 Corporate Citizens in Canada
• Towards Sustainable Mining Leadership Award

Environmental Metrics

ESG Focus Areas

• Community
• Water
• Our People
• Biodiversity
• Energy and Climate Change
• Air

Environmental Achievements

• Reduced energy use by 582 terajoules
• Reduced greenhouse gas emissions by 281 kilotonnes
• Water reused and recycled approximately 4 times at mining operations
• 30 hectares of land reclaimed

Social Achievements

• Women comprised 29% of new hires
• $13.2 million disbursed through community investment
• No significant community incidents at our operations and projects
• $138 million spent with Indigenous-owned businesses
• 23 new agreements reached with Indigenous Peoples

Governance Achievements

• 2 new corporate governance policies released: Political Donations Policy and Tax Policy
• Published first annual Economic Contributions Report

Climate Goals & Targets

Environmental Challenges

• Addressing historical impacts on groundwater quality at Trail Operations
• Meeting permit limits associated with nitrate levels at Line Creek Operations
• Addressing community concerns related to dust from mining activities
• Managing the transition of workers from Coal Mountain Operations closure

Mitigation Strategies

• Implementation of the Elk Valley Water Quality Plan
• Construction of a multi-layer groundwater interception system at Quebrada Blanca Operations
• Development of site-wide groundwater models at Highland Valley Copper, Red Dog and Carmen de Andacollo operations
• Operation of a groundwater treatment facility at Trail Operations
• Improved dust management at Carmen de Andacollo Operations
• Construction of a new acid plant at Trail Operations
• Development of a plan to transition employees from CMO to other sites in the Elk Valley

Supply Chain Management

Supplier Audits: 21 reviews of suppliers against sustainability criteria

Responsible Procurement

• Expectations for Suppliers and Contractors document
• Focus on sourcing supplies and services from local sources, including Indigenous Peoples

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions
• Natural disasters

Transition Risks

• Changes in commodity prices
• Changes in laws and governmental regulations
• Development and use of new technology

Opportunities

• Development of energy-efficient products and processes
• Sourcing renewable energy

Reporting Standards

Frameworks Used: GRI Standards, ICMM 10 Principles

Certifications: ISO 14001 (10 of 12 operations)

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• Goal 3
• Goal 5
• Goal 8
• Goal 13
• Goal 15

Activities contributing to these goals are described throughout the report

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Named to the Dow Jones Sustainability World Index for the 8th straight year
• Listed on the Euronext Vigeo World 120 Index
• Named to the Bloomberg Gender Equality Index
• Ranked on the Corporate Knights Best 50 for the 11th straight year
• Canada’s Top 100 Employers by Mediacorp
• Canada’s Most Admired Corporate Cultures by Waterstone Human Capital
• CN EcoConnexions Award
• Global Compact Network Canada Gender Equality Award
• 2017 Towards Sustainable Mining (TSM) Leadership Awards
• Hardrock Mineral Environmental Award
• Responsible Business Award
• CPA Canada Award of Excellence in Sustainability Reporting

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced metal concentrations in water and sediment over time due to operational improvements.
• Improved water treatment resulting in fewer exceedances of water quality guidelines.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Variable river flows affecting metal dilution and making it difficult to detect improvements in water treatment.
• Influences from non-smelter sources (e.g., groundwater, stormwater, other industrial discharges) on water and sediment quality.
• Dynamic nature of depositional habitats making it difficult to track long-term trends.

Mitigation Strategies

• Implementation of a groundwater remediation system.
• Ongoing monitoring and assessment of water and sediment quality.
• Relocation of depositional sampling sites to more stable areas.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Water Stewardship
• Relationships with Indigenous Peoples
• Relationships with Communities
• Climate Change
• Inclusion, Diversity and Our People
• Tailings Management
• Human Rights
• Air Quality
• Biodiversity and Reclamation
• Responsible Production
• Supply Chain Management
• Business Ethics

Environmental Achievements

• Reduced greenhouse gas emissions by 414 kilotonnes since 2011
• Utilized over 100,000 terajoules of renewable energy since 2011
• Achieved zero significant water-related incidents in 2020
• Continued implementation of the Elk Valley Water Quality Plan
• Reduction in fresh water use at Chilean operations by 13%
• Completed Elkview SRF water treatment facility expansion
• Reduced energy consumption by 288 TJ in 2020
• Sourced 100% renewable energy at Carmen de Andacollo Operations in 2020, avoiding approximately 200,000 tonnes of GHG emissions annually
• Sourced over 50% renewable energy at Quebrada Blanca Phase 2 project, avoiding approximately 800,000 tonnes of GHG emissions annually
• Reclaimed 5,930 hectares of land

Social Achievements

• Increased the number of women at Teck by 54% since 2012
• Increased procurement of supplies from local suppliers by 33% since 2011
• Reduced total recordable injury frequency by 58% since 2010
• Health and safety performance in 2020 was the best on record, with a 17% reduction in total recordable injury frequency and a 32% reduction in high-potential incident frequency from 2019
• Established a $20 million community investment fund to support critical social and health initiatives in local communities
• Expanded Copper & Health program
• Signed five new agreements with Indigenous communities in 2020, bringing the total to 72
• Spent $192 million on Indigenous businesses through procurement

Governance Achievements

• Updated sustainability strategy with ambitious long-term priorities and goals
• Set a strategic priority to be a carbon-neutral operator by 2050
• Updated Tax Policy in 2020
• No criminal cases regarding bribery were brought against Teck or any of its affiliates in 2020, 2019 or 2018

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted operations and product markets
• Challenges related to water treatment technology and COVID-19 hindered the pace of construction of water treatment facilities
• Unexpected and substantial reductions in westslope cutthroat trout populations in the upper Fording River
• Increased permafrost thaw limited ability to discharge mine-affected water from Red Dog Operations tailings facility
• Increased strip ratios at steelmaking coal operations increased energy and carbon intensity
• Lower zinc and lead feed grades at Red Dog Operations increased energy and carbon intensity
• Supply chain disruptions due to COVID-19
• Grievances from communities regarding blasting activities, traffic management, and dust emissions

Mitigation Strategies

• Implemented extensive COVID-19 precautions and protocols, established employee support programs, and a dedicated $20 million community investment fund
• Aggressively advancing construction of water treatment facilities and implementing other water quality improvement measures
• Established an Evaluation of Cause Team to investigate fish decline, implemented short-term recovery actions, and developed a comprehensive recovery plan
• Implemented projects to improve site water storage and treatment at Red Dog Operations
• Implemented projects to reduce energy consumption and increase renewable energy use
• Implemented dust management initiatives
• Enacted crisis management protocols to ensure business continuity during COVID-19
• Addressed community grievances through controls, engagement, and special monitoring plans

Supply Chain Management

Supplier Audits: 845 suppliers completed annual surveys; 27 deep-dive assessments conducted

Responsible Procurement

• Expectations for Suppliers and Contractors, aligned with Teck's Code of Ethics, Anti-Corruption Policy, Code of Sustainable Conduct, Indigenous Peoples Policy, and Human Rights Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Water storage and discharge challenges related to thawing permafrost
• Increased frequency of extreme weather events

Transition Risks

• Regulatory changes
• Market shifts
• Carbon pricing policies

Opportunities

• Development of energy-efficient products
• Increased use of renewable energy
• Development of low-GHG mining vehicles

Reporting Standards

Frameworks Used: GRI Standards: Core option and the GRI G4 Mining and Metals Sector Disclosures, SASB Standards, TCFD guidelines

Certifications: Responsible Silver production (LBMA)

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 13: Climate Action
• Goal 15: Life on Land
• Goal 17: Partnerships for the Goals

Teck's initiatives contribute to these goals through water stewardship, renewable energy use, community investment, responsible production, climate action, biodiversity conservation, and stakeholder engagement.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability World Index (11th straight year, top-ranked mining company)
• Sustainalytics (top-ranked mining company)
• Vigeo Eiris (top-ranked in North America Mining and Metals)
• FTSE4Good Index Series (top-ranked in the Mining Subsector)
• Bloomberg Gender Equality Index
• Canada’s Top 100 Employers
• CDP Discloser
• Forbes World’s Best Employers
• Corporate Knights Global 100 Most Sustainable Corporations

Environmental Metrics

ESG Focus Areas

• Biodiversity and Reclamation
• Climate Change
• Communities and Indigenous Peoples
• Health and Safety
• Our People
• Responsible Production
• Tailings Management
• Water

Environmental Achievements

• Reduced carbon intensity of operations by 5%
• Increased electricity sourced from renewable, zero-carbon power sources to 96% (up from 88% in 2020)
• Completed three water treatment facilities, increasing capacity to treat up to 47.5 million litres of water per day
• Implemented measures to minimize impacts on local air quality

Social Achievements

• Reduced High-Potential Incident Frequency by 38% compared to 2020
• Increased the number of women in senior management from 20% in 2020 to 29% in 2021, with women comprising 21% of the total workforce
• Invested $23.9 million in local communities, including $9.25 million directly related to COVID-19 response

Governance Achievements

• Finalized a US$4 billion sustainable financing facility—the largest sustainability-linked loan in Canada
• Announced a formal commitment to The Copper Mark; Highland Valley Copper Operations were assessed and independently verified against The Copper Mark’s responsible production criteria in 2021
• Updated the company’s human rights requirements in the Teck Social Performance Standard

Climate Goals & Targets

Environmental Challenges

• Record-breaking warm temperatures and wildfires impacted air quality in local communities and at some Canadian operations
• Heavy rain, flooding, and mudslides disrupted rail service between steelmaking coal operations and west coast terminals
• Increased permafrost thaw limited ability to discharge mine-affected water from tailings facility at Red Dog Operations
• Pace of construction of some water treatment facilities hindered by challenges related to treatment technology and the COVID-19 pandemic

Mitigation Strategies

• Worked with local partners to support wildfire relief efforts
• Incorporating climate change scenarios and vulnerability assessments into project design and evaluation
• Implemented projects to improve site water storage and treatment at Red Dog Operations
• Aggressively advancing construction of several water treatment facilities and implementing other water quality improvement measures

Supply Chain Management

Supplier Audits: 26 detailed reviews in 2021

Responsible Procurement

• Expectations for Suppliers and Contractors
• Focus on local and Indigenous suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Wildfires
• Flooding
• Extreme heat events
• Droughts
• Increased permafrost thaw

Transition Risks

• Regulatory changes
• Market shifts
• Carbon pricing

Opportunities

• Production of metals and minerals required for the transition to a low-carbon economy

Reporting Standards

Frameworks Used: GRI Standards: Core option, GRI G4 Mining and Metals Sector Disclosures, SASB Standards, ICMM Mining Principles, MAC TSM Protocols

Certifications: The Copper Mark

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 13 (Climate action)
• Goal 6 (Clean water and sanitation)
• Goal 8 (Decent work and economic growth)
• Goal 12 (Responsible consumption and production)

Teck's initiatives contribute to these goals through renewable energy use, emission reductions, water stewardship, local employment, and responsible production practices.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability World Index (12th straight year)
• Forbes World’s Best Employers 2021
• Canada’s Top 100 Employers (5th consecutive year)
• Bloomberg Gender-Equality Index (5th consecutive year)

Environmental Metrics

ESG Focus Areas

• Biodiversity and Closure
• Climate Change
• Communities and Indigenous Peoples
• Health and Safety
• Our People
• Responsible Production
• Tailings Management
• Water

Environmental Achievements

• Reduced SO2 emissions from stacks, stationary and mobile fossil fuel combustion to 2,423 tonnes in 2022 (22% reduction from 2021)
• 94% of electricity sourced from renewable power in 2022
• Planted 2.4 million seedlings for rehabilitation in the Elk Valley
• Made land conservation investments protecting nearly 14,000 hectares of wildlife habitat and ecosystems in Canada and Chile
• Completed construction of a seawater desalination facility at Quebrada Blanca Phase 2 project
• Increased water treatment capacity in Elk Valley to 77.5 million litres per day

Social Achievements

• Reduced High-Potential Incident Frequency by 23% in 2022 compared to 2021
• 34% of 2022 new hires are women, with women now comprising 24% of the total workforce
• Invested $24.9 million in local communities
• Reached new collective agreements with unions at several operations

Governance Achievements

• Updated Teck’s Human Rights Policy
• Developed new approach to assessing human rights risks and impacts
• Completed 67 supplier due diligence checks that included human rights topics
• Published the sixth annual Economic Contribution Report

Climate Goals & Targets

Environmental Challenges

• Dust emissions as a key concern in several operating areas
• Impacts of longer and more severe wildfire seasons on air quality
• Logistical disruptions due to wildfires, heavy rain, flooding and mudslides
• Competition for talent in a competitive labor market
• Addressing non-compliances related to certain permit limits in the Elk Valley

Mitigation Strategies

• Implementing initiatives to improve air quality monitoring and minimize impacts
• Exploring initiatives to partner with communities on air quality issues
• Incorporating climate change scenarios and vulnerability assessments into project design and evaluation
• Investing in employee training and development, adjusting compensation and benefits
• Aggressively advancing construction of water treatment facilities and implementing other water quality improvement measures

Supply Chain Management

Supplier Audits: 67 supplier due diligence checks in 2022

Responsible Procurement

• Expectations for Suppliers and Contractors
• Focus on local and Indigenous procurement

Climate-Related Risks & Opportunities

Physical Risks

• Wildfires
• Heavy rain
• Flooding
• Mudslides

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Rebalancing portfolio towards copper

Reporting Standards

Frameworks Used: GRI Standards, ICMM Mining Principles, MAC TSM Protocols, SASB Standards

Certifications: The Copper Mark

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)

Initiatives contributing to these goals are detailed throughout the report

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Dow Jones Sustainability World Index
• Top-ranked in S&P Global Corporate Sustainability Assessment
• Moody's ESG ranking
• MSCI ESG rating
• ISS ESG Prime status
• FTSE4Good Index

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circularity
• Health and Safety
• Our People
• Tailings Management
• Water
• Biodiversity and Closure
• Communities and Indigenous Peoples

Environmental Achievements

• Reduced the carbon intensity of operations by 33% by 2030 (based on 2020 baseline)
• Achieved 98% clean electricity grid power for BC operations
• Long-term clean power purchase agreement with AES Corporation aiming for 100% renewable energy at expanded QB Operations starting in 2025
• Completed construction of a pilot CCUS project at Trail Operations capturing approximately 1 tonne of CO2 per day

Social Achievements

• Continued to advance projects to assess multiple decarbonization technologies such as zero-emissions options for haulage
• Continued electric crew bus initiative at CdA and expanded existing electric bus pilot in the Elk Valley
• Collaborated with industry partners, equipment manufacturers and other suppliers on zero-emission mining fleets
• Delivered positive social, economic and environmental outcomes for communities and Indigenous Peoples by contributing $100 million to community organizations and global initiatives by 2025

Governance Achievements

• Board of Directors reviews and approves major sustainability disclosures
• Senior Vice President of Sustainability and External Affairs reports directly to the CEO
• Implemented a new Social Performance Standard replacing the Social Management and Responsibility at Teck Framework

Climate Goals & Targets

Environmental Challenges

• Data limitations on contractor numbers, breakdown of employee turnover by age, gender and region, full extent of benefits provided to full-time employees excluding part-time employees, main types of work-related injury, work-related ill health for contracted employees, percentage of suppliers screened using environmental and social criteria, and details on education and skills programs

Mitigation Strategies

• Working to streamline site data systems for injury categorization
• Implementing a new supply chain risk management platform and due diligence initiatives to enhance supply chain risk management
• Updating Human Rights Information System to track racial diversity

Supply Chain Management

Responsible Procurement

• Code of Sustainable Conduct
• Expectations for Suppliers and Contractors

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Sector Standard GRI 12: Coal Sector 2022, ICMM’s Mining Principles and Performance Expectations, UNGC, UN SDGs, TCFD Framework, SASB standards (Metals & Mining Standard and Coal Operations Standard)

Certifications: ISO 14001

Third-party Assurance: PricewaterhouseCoopers LLP

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 8
• SDG 12
• SDG 13
• SDG 15

Teck's sustainability strategy is strongly aligned with these goals; details in UN SDGs Index

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Governance

Environmental Achievements

• Reduced Scope 1 and 2 emissions; 82% of electricity from renewable sources; 100% renewable electricity at Carmen de Andacollo; 100% renewable electricity at Quebrada Blanca by 2025; launched Carbon Capture Utilization and Storage pilot at Trail Operations; established the North Pacific Green Corridor initiative.
• Conserved or restored nearly 52,000 hectares in North and South America since 2020; committed $10 million to the Chilean Nature Fund and $12 million to support conservation projects in British Columbia.

Social Achievements

• Achieved Copper Mark, Molybdenum Mark, or Zinc Mark at all Teck-operated base metals operations; engaged with Indigenous Peoples and local communities in the assessment and management of climate- and nature-related dependencies, impacts, risks and opportunities; implemented site-based feedback mechanisms for grievances; $520,000 in inaugural grants under the $10 million Indigenous Stewardship Fund.

Governance Achievements

• Integrated climate and nature considerations into Board and executive governance processes and Teck’s Risk Management Framework; established a Safety and Sustainability Committee (S&SC) with explicit responsibilities for climate change, biodiversity, and human rights; integrated sustainability performance into short- and long-term executive compensation; adopted Board-approved policies on sustainable conduct, health and safety, human rights, Indigenous peoples, equity, diversity and inclusion, climate change, water, tailings management, and political donations.

Climate Goals & Targets

Environmental Challenges

• Climate change driving more frequent and extreme weather events; water scarcity in some operating areas; increasing public opposition and legal challenges to mining projects; restrictions imposed on marine shipping; prevalence of invasive species; increasing closure costs required to manage for climate change and biodiversity impacts; potential for carbon leakage.
• Potential supply chain disruptions and operational production impacts from climate change; increased competition for high-quality biodiversity offsets; competition for talent and external expert support.

Mitigation Strategies

• Incorporating climate scenario planning into project designs; securing access to desalinated seawater at QB Operations; building climate-resilient operations and supply chains; investing in nature-based solutions; implementing emissions reductions solutions; using carbon offsets (less than 10% of actions); decarbonizing electricity supply; reducing emissions from mobile and stationary equipment; collaborating with other mining companies and equipment manufacturers; developing a North Pacific Green Corridor; working with customers and transportation providers to reduce emissions; implementing biodiversity management plans; engaging with communities of interest; investing in new technologies and research and development; using blockchain technology to support supply chain transparency; participating in multi-stakeholder planning processes; making contributions to conservation and restoration efforts.

Supply Chain Management

Responsible Procurement

• Expectations for Suppliers and Contractors; pilot product passport to document responsible mining practices.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events; changes in water availability; increased frequency of extreme weather events.

Transition Risks

• Changes in laws and governmental regulations; costs of compliance with environmental laws; carbon pricing policies; competition from lower-carbon producers; carbon leakage.

Opportunities

• High demand for copper for low-carbon technologies; market preference for low-carbon products; potential for reduced permitting timelines for critical metals.

Reporting Standards

Frameworks Used: TCFD, TNFD, GRI, ICMM Performance Expectations, MAC Towards Sustainable Mining program

Certifications: Copper Mark, Molybdenum Mark, Zinc Mark

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)

Initiatives contribute to these goals through emissions reductions, renewable energy adoption, biodiversity conservation, and sustainable resource management.

Sustainable Products & Innovation

• Low-carbon zinc products.